Southern's latest quarterly dividend of $0.68 per share was on Feb 17, 2023 (ex-date). The annualized dividend distribution of $2.72 per share represents a current dividend yield of 3.92%.
SO has a dividend yield of 3.92% which is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.15%, Southern's dividend yield is 24% higher. The current dividend yield is below the historical average of 4.3% of the last 5 years.
Southern has a history of paying dividends since 1994. Our records of SO show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 3% since twelve months ago. And with the price of the stock down by 3.8% from a year ago, the dividend yield has increased by 7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 17, 2023 | Mar 6, 2023 | Jan 20, 2023 | $0.68 | normal |
| Nov 18, 2022 | Dec 6, 2022 | Oct 18, 2022 | $0.68 | normal |
| Aug 12, 2022 | Sep 6, 2022 | Jul 18, 2022 | $0.68 | normal |
| May 13, 2022 | Jun 6, 2022 | Apr 19, 2022 | $0.68 | normal |
| Feb 18, 2022 | Mar 7, 2022 | Jan 14, 2022 | $0.66 | normal |
| Nov 12, 2021 | Dec 6, 2021 | Oct 18, 2021 | $0.66 | normal |
| Aug 13, 2021 | Sep 7, 2021 | Jul 19, 2021 | $0.66 | normal |
| May 14, 2021 | Jun 7, 2021 | Apr 19, 2021 | $0.66 | normal |
| Feb 12, 2021 | Mar 8, 2021 | Jan 15, 2021 | $0.64 | normal |
| Nov 13, 2020 | Dec 7, 2020 | Oct 19, 2020 | $0.64 | normal |
| Aug 14, 2020 | Sep 8, 2020 | Jul 20, 2020 | $0.64 | normal |
| May 15, 2020 | Jun 8, 2020 | Apr 20, 2020 | $0.64 | normal |
| Feb 14, 2020 | Mar 6, 2020 | Jan 17, 2020 | $0.62 | normal |
| Nov 15, 2019 | Dec 6, 2019 | Oct 21, 2019 | $0.62 | normal |
| Aug 16, 2019 | Sep 6, 2019 | Jul 15, 2019 | $0.62 | normal |
| May 17, 2019 | Jun 6, 2019 | Apr 15, 2019 | $0.62 | normal |
| Feb 15, 2019 | Mar 6, 2019 | Jan 17, 2019 | $0.6 | normal |
| Nov 16, 2018 | Dec 6, 2018 | Oct 15, 2018 | $0.6 | normal |
| Aug 17, 2018 | Sep 6, 2018 | Jul 16, 2018 | $0.6 | normal |
| May 18, 2018 | Jun 6, 2018 | Apr 16, 2018 | $0.6 | normal |
| Feb 16, 2018 | Mar 6, 2018 | Jan 19, 2018 | $0.58 | normal |
| Nov 17, 2017 | Dec 6, 2017 | Oct 16, 2017 | $0.58 | normal |
| Aug 17, 2017 | Sep 6, 2017 | Jul 17, 2017 | $0.58 | normal |
| May 11, 2017 | Jun 6, 2017 | Apr 17, 2017 | $0.58 | normal |
| Feb 16, 2017 | Mar 6, 2017 | Jan 13, 2017 | $0.56 | normal |
| Nov 17, 2016 | Dec 6, 2016 | Oct 17, 2016 | $0.56 | normal |
| Aug 11, 2016 | Sep 6, 2016 | Jul 18, 2016 | $0.56 | normal |
| May 12, 2016 | Jun 6, 2016 | Apr 18, 2016 | $0.56 | normal |
| Feb 11, 2016 | Mar 7, 2016 | Jan 14, 2016 | $0.543 | normal |
| Nov 12, 2015 | Dec 4, 2015 | Oct 19, 2015 | $0.543 | normal |
| Aug 13, 2015 | Sep 5, 2015 | Jul 20, 2015 | $0.543 | normal |
SO has a payout ratio of 82.9% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 62.8%, Southern's payout ratio is 32% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| D Dominion Energy Inc | 4.81% | $2.67 | 245% |
| NRG Nrg Energy Inc | 4.3% | $1.43 | 27.6% |
| DUK Duke Energy CORP | 4.15% | $4 | 126.2% |
| FE Firstenergy Corp | 3.97% | $1.56 | 219.7% |
| SO Southern Co | 3.92% | $2.72 | 82.9% |
| ETR Entergy Corp | 3.92% | $4.16 | 77% |
| PPL PPL Corp | 3.32% | $0.92 | 88.8% |
| NEE Nextera Energy Inc | 2.29% | $1.74 | 83% |
Yes, Southern has been paying dividends for the last 29 years.
SO hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in May 2023.
Southern's last regular dividend was on Feb 17, 2023 (ex-date) with the amount of $0.68 per share.
SO's annualized dividend per share is $2.72.
The current dividend yield of Southern is 3.92%.
Southern pays four dividends per year.
The dividend payout ratio of Southern is 82.9%.
Southern's dividend yield is above the Utilities sector average.